The Ministry of Finance extends a series of tax measures advantageous for taxpayers
Continuă lectura „Newsletter March 2021”Newsletter March 2021
Newsletter December 2019
Changes regarding the minimum gross basic salary
Continuă lectura „Newsletter December 2019”Newsletter February 2019
VAT registration: Amendments related to the tax risk assessment
By Order of the ANAF President, has been modified the procedure for the assessment of the tax risk for taxable persons requesting the registration for value added tax purposes according to art. 316 par. (1) lit. a) and c) and par. (12) lit. e) of the Fiscal Code.
Newsletter October 2018
Romania will have a National Franchise Register
Considering the necessity to adopt urgent measures for the amendment and completion of Ordinance no. 52/1997 on the legal status of the franchise, as well as the introduction of new elements requiring an urgent correlation of certain provisions from the text of the current normative act with that of the European legislation in the field, the Ministry for Business, Commerce and Entrepreneurship launches publicly the project of the Government Emergency Ordinance amending and supplementing Ordinance no. 52/1997 on the legal status of the franchise.
Digital Economy and Society Index
The European Commission has published the results of the 2018 Digital Economy and Society Index (DESI) a tool which monitors the performance of Member States in digital connectivity, digital skills online activity, the digitisation of businesses and digital public services. According to it, the EU is getting more digital, but progress remains insufficient for Europe to catch up with global leaders and to reduce differences across Member States. This calls for a quick completion of the Digital Single Market and increased investments in digital economy and society.
New tools to combat VAT fraud
At the end of November the European Commission has unveiled new tools to make the EU’s Value Added Tax (VAT) system more fraud-proof and close loopholes which can lead to large-scale VAT fraud.
VAT refunds
Cross-border VAT refunds for EU businesses
Most businesses who incur VAT in connection with their activities in an EU country where they do not habitually supply goods/services (and so are not required to register for VAT) are nevertheless entitled to deduct that VAT (Articles 170-171 a VAT Directive).
Cross-border VAT – Goods and Services
Goods
Countries within the EU
Selling to businesses – If you sell goods to another business and these goods are sent to another EU country, you do not charge VAT – if the customer has a valid VAT number.
Robust growth sustained by fiscal easing
Real GDP growth is forecast to remain strong over the forecast horizon, supported by fiscal easing and wage increases. Unemployment decreased significantly in 2016 and is projected to remain stable at low levels. With a positive output gap and the impact of previous tax cuts fading, inflation is set to pick up. The general government deficit is projected to widen due to tax cuts and public spending increases.